GW&K Investment Management LLC Raises Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

GW&K Investment Management LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,956 shares of the industrial products company's stock after purchasing an additional 1,789 shares during the period. GW&K Investment Management LLC owned about 0.79% of UFP Technologies worth $12,295,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of UFP Technologies during the 4th quarter worth approximately $42,000. Lazard Asset Management LLC purchased a new position in shares of UFP Technologies during the 4th quarter worth approximately $84,000. Park Square Financial Group LLC purchased a new position in shares of UFP Technologies during the 4th quarter worth approximately $107,000. Canada Pension Plan Investment Board grew its holdings in shares of UFP Technologies by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after acquiring an additional 100 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of UFP Technologies during the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Up 2.5%

Shares of UFP Technologies stock traded up $5.83 during midday trading on Friday, hitting $241.92. The company had a trading volume of 46,964 shares, compared to its average volume of 93,221. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58. The stock has a market capitalization of $1.87 billion, a P/E ratio of 29.61 and a beta of 1.11. The company has a 50 day moving average of $239.00 and a 200 day moving average of $234.11. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.42. The company had revenue of $148.15 million for the quarter, compared to the consensus estimate of $139.93 million. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%.

Insider Buying and Selling at UFP Technologies

In related news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the sale, the senior vice president owned 12,585 shares in the company, valued at $2,770,210.20. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UFPT has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating on the stock. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a "buy" rating in a report on Wednesday, May 7th.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.